Action Policy Digest – Janaury 2016

Autore : Action Institute

Data: 11-01-2016

Tipo: Other

Tematica: Action Institute

Organized as a monthly newsletter, it presents an overview of the current international policy debate. You find below a selection of the best ideas from the most influential think tanks, structured in four areas: (i) Finance, (ii) Innovation and Development, (iii) European Affairs and (iv) Social Policy.

Another slow year for the Global Economy“(Bruegel). The factors that dragged down the global economy in 2015 will persist – and in some cases even intensify – in the new year.

Italy’s Productivity Challenge“(Vox). “Italy’s economic performance is lagging behind other Eurozone and OECD countries”. This column argues that radical changes in human capital, financial, innovation and product markets, and taxation would restore growth, but will take time to bear fruits.

Is Globalisation reducing the ability of Central Banks to control Inflation?“(Bruegel). This Policy Contribution reviews the impact of globalisation on inflation dynamics, and it analyses whether and how this affects the ability of central banks to influence inflation.


Patent rights and Innovation by small and large firms“(Vox). Economists take a keen interest in patent rights and their effect on innovation. The primary argument for the existence of patents is, after all, that they incentivise entrepreneurs to seek profit through innovating. This column looks at how patent rights affect innovation by small and large firms.

Matching research and innovation policies in EU countries“(Bruegel). Despite policies and pronouncements, Europe’s performance on innovation remains weak. The publication assesses whether the deployment of innovation policy instruments in EU countries matches their innovation capacity performance relative to other EU countries.

Ensuring developing countries benefit from big data“(IDS). Big data is already creating a big impact. Some herald it as the new ‘data revolution’, others worry it is a tool for manipulation, while many in development cite it as key to successfully implementing the Sustainable Development Goals.


Completing the banking union: Deposite Insurance“(CEPS). The Commission has now presented its proposal on how to complete the Banking Union with a European Deposit Insurance Scheme (EDIS). It is an innovative and courageous proposal. It is courageous because it will clearly be very controversial in a number of member states and it is innovative because it proposes a three-stage process.

Helicopter tax credits to accelerate economic recovery in Italy (and other Eurozone countries)” (Vox). The Tax Credit Certificate system is projected to accelerate Italy’s recovery over the next four years, and will likely be sustainable. It also provides a tool to avoid the breakup of the Eurosystem and its potentially disruptive consequences.


Incentive and pay gender compensation gaps for top executives: Evidence and implications” (Vox). The gender gap in the workplace persists, affecting women in professional and managerial occupations the most. This column looks at the gender gap among top executives at Standard & Poor’s firms and suggests that performance-related pay schemes should be better scrutinised.


Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover […]


Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization […]


Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker […]

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein […]